CW:TextbookAssignment

on Finance

Page 87, #3,4 #3 Given: Find:P

F 1,280,000
=

t years
5
=

v 0.12
= (simple)

F P(1 vt)
=
+

1,280,000 P(1
=

(0.12)(5))
+

1.6p
=

P= 280,000 800,000 present value

=

Given:
#4 Find:n
I 1,008,000
=

P 1,600,000
=

t 5E 5.25 years
=
=

I Prt =

7,008,000 (1,600,0007r(5.25)
=

8,400,000 r
=

0001000=0.1 12%
v
=
or simple intersare

88, #14,15
Given:
#14 Find:R
Page
P 1,400,000 280,000
= -

1,120,000
=
(loan amount

t 15years;m 4;r 0.18

= =

mt
i 1 0.045; n
=
=

68
=

220.8=RCEciTe*
 7,720,000
R)loss (
=

zoiooon
R
e
- C
=

= 54,268.88 regular payment

#15Given:
Find:P
R 56,000
=

i 1
= 0.035
=

0.07,m 2,t 4
=

v = =

n mt g
= =

R( 1i) 4]
-

P =

56,000
=

Hoss =384,941.57
original loan

Page 90, #28 -29 CD

#28
1004 v 0-08
=

!1,p, m
=

X i 0 08
90
=

2
=
0.84

Total Debt
at CD: 100,000
2(2.5)

Total PaymentatCD:50,000 (1.04) X

Equation of Values

100,000
=

50,000 (1,84)s +x

x 39,167.35 amountto
pay on 5th
the
year
=
 16

545K(1.06)
1)
#29 2D

400K ↓ 545K + Interest

<
1 1 ⑭
o 1
2 3 45 G 7 d
me7
280K
* r 0.14
=

m 4
=

-> Debts (at(D)

400K(1.035)12

EOBs"+sus,COR)"C
-JUCOSYBCossTT "

(at (p)
->
Payment
12
258(1.0357
x

250,000 (1,035)"
↑rayment x
+

EQN of values

250,000 (1.035)" x +
400,000
= (1.035)" +

545,080(1.86)"(1.035)
-
12

x 598,909.04
=
second
payment
the 5th
on
year